DIRS.INFO The most relevant business & tech news

☆ Suspect in California's latest shooting rampage due in court
▼ + stars: | 2023-01-25 | by ( Alexandra Ulmer | Thomson Reuters | U.S. National Affairs Correspondent Who Spent Four Years In Venezuela Covering President Maduro'S Administration | ) www.reuters.com time to read: +5 min

[1/3] A suspect is arrested by law enforcement personnel after a mass shooting at two locations in the coastal northern California city of Half Moon Bay, California, U.S. January 23, 2023 in a still image from video. HALF MOON BAY, Calif., Jan 25 (Reuters) - The man accused of shooting and killing seven farm workers near San Francisco in the latest of two back-to-back gun rampages in California that claimed 18 lives overall was due in court on Wednesday for his initial appearance before a judge. Chunli Zhao, 66, the lone suspect in Monday's massacre at two mushroom farms in the seaside town of Half Moon Bay, is expected to be formally presented with murder and other charges at the San Mateo County Superior Court in nearby Redwood City. The suspect was described as a resident of Half Moon Bay, a community of about 12,000 residents known for its foggy weather, fishing, and agriculture. San Mateo County jail records showed Zhao was booked on suspicion of premeditated murder, attempted murder and firearms offenses.

[1/5] Police officers detain a man, believed by law enforcement to be the Half Moon Bay mass shooting suspect, in Half Moon Bay, California, U.S., January 23, 2023, in this screengrab taken from a social media video. California Governor Gavin Newsom said he was visiting wounded survivors from Saturday night's massacre in the Los Angeles suburb of Monterey Park when he was informed of Monday's killings in northern California. A semi-automatic handgun was found in his car, San Mateo County Sheriff Christina Corpus told an evening news conference. It ranked as the deadliest mass shooting ever in Los Angeles County, according to Hilda Solis, a member of the county Board of Supervisors. Monterey Park Police Chief Scott Wiese said investigators were looking into unconfirmed reports that the violence may have been precipitated by jealousy or relationship issues.

☆ Exclusive video captures the moment man disarms Monterey Park shooter at second dance hall
▼ + stars: | 2023-01-23 | by ( Julianne Mcshane | Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Brandon Tsay, 26, has been hailed as a hero for disarming the Monterey Park shooter at a dance hall in Alhambra, California. Harrowing video obtained exclusively by NBC News captured the men tussling in what appears to be an empty lobby in the dance hall. A shoving match ensues, and Tsay manages to take the gun away from the man. “We struggled into the lobby, trying to get this gun away from each other,” Tsay told ABC News. The motive in the dance hall attack remains unknown, Luna told reporters Sunday night.

☆ An Apple a day could keep the layoffs away
▼ + stars: | 2023-01-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

For many tech workers, however, this Lunar New Year was tainted with layoff anxiety. Apple is the only Big Tech company that hasn't conducted sweeping layoffs recently. Apple has long been a lone wolf among its Big Tech peers. The chart above shows how more tech workers were laid off in January 2023 than during the first half of 2022 combined. Read four of the memos in full here, from Google Chrome, Google Cloud, Google UK, and its Europe, the Middle East, and Africa offices.

Monterey Park Police officers at the scene of a mass shooting on Jan. 22, 2023 in Monterey Park where 10 people were killed at a dance hall. (Photo by Sarah Reingewirtz/MediaNews Group/Pasadena Star-News via Getty Images)The gunman behind the deadly dance hall shooting in the Los Angeles suburb of Monterey Park may have been targeting his ex-wife on the Lunar New Year, the California city's mayor said Monday. A vigil will be held Tuesday in Monterey Park in memory of the dead. And about a dozen hours after the bloodshed in Monterey Park, police tracked Tran's white van to a car park 30 miles away in the suburb of Torrance where the suspect killed himself. "I tried to reach her, but I didn't get any response," Monterey Park resident Vivian King said of a friend she last heard from earlier in the weekend.

☆ A Ukrainian soldier died on the battlefield in Bakhmut. His death has sparked a fierce dispute between some American veterans and a volunteer trainer.
▼ + stars: | 2023-01-21 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +13 min

While entering a house in Bakhmut, two Ukrainian soldiers were ambushed by Russian troops. While he was doing laundry, Wang said a dark-green SUV suddenly pulled up and he heard a Ukrainian soldier shout, "De medyky?" More muscle than the pork ribsWang, by his own admission, decided to take charge of rescuing the wounded Ukrainian soldier. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesIn the phone conversation with Insider, Wang defended his involvement in the death of the Ukrainian soldier. A wider tapestry of issuesThe SOLI instructors said the Bakhmut deaths were just one part of a wider tapestry of issues caused by Wang's inexperience and overzealousness.

☆ Apple CEO Tim Cook's slow, steady leadership style may turn out to be the exact antidote to the carnage sweeping the tech sector
▼ + stars: | 2023-01-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Apple is now the only major tech giant that hasn't conducted mass layoffs recently. Apple is in a different position than its peers because it has been more strategic about its growth. Wall Street hopes that CEO Tim Cook's pragmatic approach puts Apple in a better spot. Apple is in a different, stronger position, though, industry analysts tell Insider — a position that they say validates CEO Tim Cook's pragmatic approach to growth. Lastly, another hallmark of Cook's strategy is that Apple doesn't have a history of pouring money into risky, whimsical side projects.

☆ A spat over whether Russian troops can grow beards is a telling clue about the state of Putin's forces at a critical moment
▼ + stars: | 2023-01-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Reports suggest Russia's defense ministry is trying to enforce rules on facial hair and smartphones. The spat is a telling clue about the dysfunction in Russian ranks as a new general tries to regain the momentum. It's unclear if that played a role, but Ukraine has geolocated the cellphones of Russian troops and used that information in attacks. Prigozhin at times has promoted Wagner's efforts against Ukraine while ripping into Moscow's inability to secure any notable achievements. It also exposes a consistent dysfunction and communication issue that has plagued Russia's war efforts since launching the large-scale invasion nearly a year ago.

☆ Jim Cramer says an ‘obsession’ with mega-cap tech names is overshadowing a bull market
▼ + stars: | 2023-01-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said that the carnage in tech stocks is concealing a bull market in other names. Stocks fell Thursday after the Labor Department reported that initial filings for unemployment insurance fell to their lowest level since September, indicating that the labor market remains hot despite the Federal Reserve's interest rate hikes. Shares of companies including Visa , Mastercard , J.P. Morgan Chase and Boeing bottomed late last year, according to Cramer. Cramer, who has remained adamant that investors stay away from mega-cap tech name, told investors to not make the same mistake as Wall Street by getting caught up in tech stock declines. The tech track that can't seem to find its footing, rooted in about 30% of the market, and the other track, which found its footing months and months and months ago," he said.

☆ ‘Demetrius’ Review: Aiming for Empire
▼ + stars: | 2023-01-17 | by ( Peter Thonemann | ) www.wsj.com time to read: 1 min

Nominations, please, for the title of Most Confusing Historical Period Ever. The third-century crisis of the Roman Empire? The Thirty Years’ War? The half-century after the death of Alexander the Great still beats all comers. But the intervening period was, frankly, a nightmare.

☆ Just 40% of people say their lives will be 'better off' in the next 5 years, a new global survey finds, with trust in business growing and trust in government falling
▼ + stars: | 2023-01-17 | by ( Reed Alexander | Read More | Read Less | ) www.businessinsider.com time to read: +4 min

Just 40% of respondents in a new global survey believe they'll be "better off" in the next five years. The annual Edelman Trust Barometer also found growing trust in business versus the public sector. Just four in 10 respondents who participated in the Edelman Trust Barometer for 2023 predicted that they and their families will be "better off" in five years — a dramatic 10-point reduction from last year. Edelman published its 2023 Trust Barometer this weekend, coinciding with a constellation of other warning signs that further economic pain may be on the way. The Edelman Trust Barometer, which this year polled more than 32,000 respondents in 28 countries, found that trust is tilting away from the public sector.

☆ Catholic priest burned to death, another shot in north Nigeria
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +1 min

Jan 15 (Reuters) - Gunmen burned a Catholic priest to death and shot and injured his colleague in northwest Nigeria on Sunday, police said, the latest violence raising concerns about security ahead of an election next month. The motive for the latest attack was not immediately clear but gunmen have previously targeted priests in the largely Muslim north. For a priest to be killed in such a manner means that we are not all safe. These terrorists have lost it, and drastic action is needed to end this ongoing carnage," said Niger state governor Sani Bello. Reporting by Maiduguri newsroom, writing by MacDonald Dzirutwe, editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

☆ The bold bullish case to be made for U.S. stocks — one that not many are voicing just yet
▼ + stars: | 2023-01-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

There's a bullish case on stocks that's not gained much traction yet. With another 4%-5% upside in the S & P 500 , the thesis would demand serious attention. A Fed pause? But this time, the S & P 500 had fallen 20% by the time the 10-to-2-year Treasury curve inverted, whereas in past cycles stocks were near a high. The S & P 500 probably needs to reach 4300 — up another 7.5% — to make a solid case for the bear market being over, says John Kolovos of Macro Risk Advisors.

☆ Russia nears breakthrough after months of 'savage' fighting in eastern Ukraine
▼ + stars: | 2023-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

Russia has struggled to advance in the area for months, with both sides suffering huge losses as it became a focal point of the conflict after Ukraine's successful counteroffensive in the south. But the Kremlin's forces appeared to have made progress in Soledar in recent days. There is almost no life left.”“The whole land near Soledar is covered with the corpses of the occupiers and scars from the strikes,” he added. The Moscow-backed leader of the occupied areas of Donetsk, Denis Pushilin, told Russian state TV on Tuesday that Russian forces were “very close” to taking Soledar, but that the gains were coming at a high price. Taking the town would create “good prospects” to then take Bakhmut, he said.

☆ Cryptoverse: Bitcoin digs in for a bumpy new year
▼ + stars: | 2023-01-10 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

[1/2] Bitcoin are seen in this illustration picture taken September 27, 2017. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it's still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. Reuters GraphicsTHE BULL'S TALEMarcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts.

☆ BlackRock's mighty tech unit is a silver lining in an awful market. But competition and a recession could test its momentum.
▼ + stars: | 2023-01-09 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a tumultuous year for BlackRock, its powerful Aladdin business won record new mandates. "2022 was a good litmus test for the BlackRock model vis-a-vis Aladdin," said Cathy Seifert, a senior equity analyst at CFRA Research. Now Sudhir Nair, the longtime BlackRock executive who runs the Aladdin business globally, and his sprawling business face a test: Keeping that momentum. "To get new business, Aladdin may have to sharpen their pencils, despite the fact that I do think they still retain a best-in-class position," Seifert said. Influential rival money managers like Two Sigma, Pimco, State Street, and Amundi have been putting resources behind their own proprietary tech platforms.

☆ Samsung Q4 earnings guidance preview: Memory prices to weigh on profit
▼ + stars: | 2023-01-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM and NAND business. Samsung's profit could nosedive when it reports fourth-quarter earnings guidance this week as prices for key memory chips continue to plunge amid weak demand. That would be a near 50% fall versus the fourth quarter of 2021. The pessimism stems from a rapid fall in memory prices. NAND and DRAM prices fell sharply in the fourth quarter due to a lack of demand for the products they eventually go into, such a PCs.

☆ The Ukraine war rages on without a clear end in sight. Here are 6 ways the conflict with Russia could play out
▼ + stars: | 2023-01-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

As Russia's war in Ukraine continues, there does not appear to be a clear end in sight. Russian victoryWhen it began its unprovoked invasion of Ukraine, Russia's goal was to take over the country completely. Rather than taking more territory, Russia's objectives in the current stage of war seem to be to weaken Ukraine's resources, economy, and army. Nuclear war and/or NATO interventionPutin has repeatedly made nuclear threats since he began the invasion of Ukraine and, in September, claimed that it was "not a bluff." One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO itself.

☆ Shoppers scrambled to grab the Prime energy drink promoted by YouTubers Logan Paul and KSI at Aldi, leaving shelves bare
▼ + stars: | 2022-12-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Aldi says it's sold out of Prime just one day after it started selling the energy drink. "It's not a nice drink at all," one shopper who bought the drink for his son told Insider. Leat told Insider he had followed KSI for a long time, "so I wanted to see for myself if his product lived up to the hype." Sam Kinsella, a landscape gardener from Bedfordshire, told Insider that he'd bought it because his son had seen it on TikTok. Jake Dickinson, a motor factory manager from Lincoln, told Insider that some flavors were better than others.

☆ Wall St Week Ahead Stumbling Treasury rally clouds bond market outlook for 2023
▼ + stars: | 2022-12-30 | by ( Davide Barbuscia | ) www.reuters.com time to read: +5 min

[1/2] A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. December’s BofA Global Research survey showed fund managers were the most overweight bonds versus stocks in nearly 14 years. Benchmark 10-year Treasury yields have climbed over 40 basis points since mid-December to nearly 3.9%, the highest in over a month. At the moment, the Treasury market “is more focused on inflation still than … recession," said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management. Matthew Nest, head of active global fixed income at State Street Global Advisors, believes yields will likely fall in 2023.

☆ Tesla stock to close out worst year ever with a 65% loss in 2022, wiping out more than $700 billion in market cap
▼ + stars: | 2022-12-30 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Tesla stock is on pace for its worst year on record as trading in 2022 comes to a close. Shares sank about 65% from the start of the year, amounting to a loss of more than $700 billion in market value. Investors have sounded the alarm on slowing demand and vehicle production, a sluggish market share in China, Fed rate hikes, and CEO Elon Musk's takeover of Twitter. The Tesla stock sell-off far outpaced the losses of major indices including the S&P 500 and the tech-heavy Nasdaq, which plunged 20% and 33%, respectively, for the year. "Don't be too bothered by stock market craziness.

☆ Inflation, recession and earnings among factors to drive U.S. stocks in 2023
▼ + stars: | 2022-12-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) is down nearly 20% year-to-date with only a few trading days left in 2022, on pace for its biggest calendar-year drop since 2008. S&P 500 timeline in 2022Inflation, and the Fed's degree of aggressiveness in trying to contain it, will likely remain a critical factor driving equity performance as 2023 gets under way. Recessions tend to hit stocks hard, with the S&P 500 falling an average of 29% during recessions since World War Two, according to Truist Advisory Services. Investors are also concerned that corporate earnings estimates may not have fully factored in a potential slowdown, leaving more downside for stocks. Consensus analyst estimates project S&P 500 earnings to rise 4.4% in 2023, according to Refinitiv IBES.

☆ The fintech reckoning is upon us. Here’s what to expect next year
▼ + stars: | 2022-12-28 | by ( Hugh Son | ) www.cnbc.com time to read: +9 min

Many fintech companies — particularly those dealing directly with retail borrowers — will be forced to shut down or sell themselves next year as startups run out of funding, according to investors, founders and investment bankers. Other private companies with a reasonable path to profitability will typically get funding from existing investors. The frenzy peaked in 2021, when fintech companies raised more than $130 billion and minted more than 100 new unicorns, or companies with at least $1 billion in valuation. "20% of all VC dollars went into fintech in 2021," said Stuart Sopp, founder and CEO of digital bank Current. "The competitive landscape shifts the most during periods of fear, uncertainty and doubt," said Kelly Rodriques, CEO of Forge, a trading venue for private company stock.

☆ The 10 biggest losers in the S&P 500 this year have erased $1.6 trillion in market value
▼ + stars: | 2022-12-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +9 min

In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.

☆ Oil funds and a Turkey ETF were 2022 market winners, but Russia and crypto tanked
▼ + stars: | 2022-12-27 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

New York CNN —Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this year. The iShares MSCI Turkey exchange-traded fund had more than doubled as of December 19, according to data from Morningstar Direct. The Turkish economy has slowed recently as unemployment has risen, but the instability has not hurt Turkish stocks. Other US and international oil funds and ETFs were also at the top of Morningstar Direct’s list. (Morningstar Direct provided CNN Business with a ranking of the best and worst mutual funds and ETFs for 2022, excluding so-called leveraged funds that make outsized bets on stock market indexes.)

Search resuls for: "Carnage"

25 mentions found